On November 3, 1985, the 20, 50 and 100 kyat notes were demonetized again and replaced with new kyat notes in the unusual denominations of 25, 35 and 75, possibly chosen because of dictator Ne Win's predilection for numerology; the 75-kyat note was introduced on his 75th birthday.

The fees for KYAT range from $30 to $55 per three month quarter, depending on which practice group and if you are a Member, Resident, or Non-Resident of the Service Area.

Other KYAT fees include $3 5 for the annual USA Swimming membership and meet fees which vary from $5 to $20, depending on the meet, but most meets are optional.

KYAT will also help prepare them to swim for their high school or maybe even for a college.

www.kyat.org /kyatFAQ.htm (740 words)

[No title](Site not responding. Last check: 2007-10-03)

In this sense, they were focused on the symptoms of the problems rather than at addressing their underlying causes, which included the overvaluation of the Kyat, the continued bias against agriculture, the restrictions on private sector activity, and the inefficiency of the large state enterprise sector, particularly in industry.

Overvaluation has meant that the Kyat value of imports (on which basis, customs duties and commercial taxes are assessed) is understated by a factor of about twenty, thus depriving the government of revenues of this order.

Since almost all of the private sector's purchases of imported goods are made at the unofficial exchange rate, it is that value of the Kyat rather than the official rate, which has been relevant to their consumption for the last two or three years.

ISO 4217 is an international standard describing three letter codes to define the names of currencies established by the International Organization for Standardization (ISO).

July 1 is the 182nd day of the year (183rd in leap years) in the Gregorian Calendar, with 183 days remaining.

Legal tender is payment that cannot be refused in settlement of a debt.

www.nationmaster.com /encyclopedia/Kyat (1807 words)

Burmese kyat dips to record low against dollar(Site not responding. Last check: 2007-10-03)

The kyat shot through the 300-level for the first time this week and was trading around 307 to the FEC and 330 to the dollar early on Friday.

This compares to 278 per FEC and 294 per dollar two weeks ago."The kyat has never plunged against the dollar or the FEC as low as it is now," one dealer said.It has fallen nearly 50 per cent since July.

Retailers were complaining about the drop in the kyat, saying that they were unable to order more goods due to rising prices and the dropping value of the currency.

www.expressindia.com /fe/daily/19971213/34755553.html (529 words)

1996 Country Commercial Guides(Site not responding. Last check: 2007-10-03)

For example, an import valued at USD 5,000 is calculated to have a value of 30,000 kyat at the official exchange rate, so a 200% tariff on this import would be 60,000 kyats.

Other legal means to avoid the official exchange rate include acquiring kyat at the unofficial rate by importing goods for resale in kyat, countertrade or production sharing arrangements, or generating a supply of kyat through local sales.

Any currency exchanged for kyat must be traded at an official exchange facility and noted on the back of the currency declaration form.

At first, it was rumoured that the kyat would decline to 400 kyat per dollar before the end of the year.

The rumour-mongers, the general said, were taking advantage of the public’s lack of knowledge about Asean to spread false information in an attempt to deprive Burma of the economic benefits it would enjoy once it joined the grouping.

Man-aung, Dec. 27: The Western Command (WC) Commander and Chairman of Arakan State PDC General Maung Oo received an amount of Kyat 4 million as a bribe for a permission of a boat of 37 cattle bringing it to Bangladesh, according to Trader, Maung Saw Kin.

Besides, he had to pay Kyat 6 millions for labor and oil and boat rent including his personal expenditure, he further added.

Excluding all his expenses, he had lost Kyat one million, for which he felt upset on his hard work business.

The kyat, which has been under pressure since civil servants received a pay increase of more than 500% in April, recovered to around 385 kyat to the dollar by late August, after briefly testing the 400 kyat per dollar level.

The Burmese military regime resorted to various measures to bring the kyats drop under control, including mass arrests of moneychangers and "market-friendly interventions" such as price subsidies for gasoline and diesel fuel and the introduction of tax-free markets for produce from state-owned farms.

A commentary in the state-owned Mirror newspaper said that anti-junta elements were "attempting to stab the government in the back" by spreading the rumors.

www.irrawaddy.org /database/2000/vol8.8/business.html (771 words)

Go To The Hash Introduction(Site not responding. Last check: 2007-10-03)

Kyat is the local currency and the exchange rate with the US dollar varies on a daily basis.

Since the beginning of the year the Kyat has varied between 820 and 1240 to the US dollar and has varied between 540 and 1010 to the FEC.

As of the time of writing the FEC seems to be recovering and the differential has closed again to around 100 Kyat.

The village headman had demanded 4000 kyat from each house to cover the expenses that they had to feed the military.

His taxation was 5,000 kyat per acre and if there were people who do not pay, all his land would be confiscated, warned that commander.

More over they have to pay 1000 kyat per acre per year as land tax for their mangrove palm plantations through the village authority without fail on every yearend.

www.karen.org /refugees/humanrights/Info03/October03.htm (2324 words)

B N I Home Page(Site not responding. Last check: 2007-10-03)

In the townships of Maungdaw, Buthidaung and some parts of Rathedaung Township a kg of rice is now sold for Kyat 400 to 450 while the same is sold at Kyat 120 to 140 in Akyab (Sittwe), the provincial capital of Arakan.

About 100 bamboos are sold at Kyat 3,000 to 4,000 in the open market of Buthidaung Township while in Maungdaw Township 100 bamboos are sold for Kyat 5000 to 6,000, said a bamboo trader of Maungdaw.

Every family in the villages has to buy at least five seedlings at the rate of Kyat 500 each which means every family has to pay Kyat 2,500 for five seedlings to the Army, said a farmer of Buthidaung.

These GOB purchases of the private sector's foreign exchange, which continued until July 1996, were paid for by an increase in kyat in circulation, which the GOB largely borrowed from the central bank.

In June 1996, the GOB began evaluating imports at an exchange rate of 100 kyat per U.S. dollar for import taxation purposes, thereby further limiting the transactions that occur at the official rate of exchange.

The magnitude of the public sector share of GDP is conventionally calculated as the wage expenditures of the central government (on the assumption that the central government produces services) plus the non-financial receipts in excess of expenditures of the SEEs (taken to represent net value added by the SEEs).

Yangon's currencyfl-marketeers engage in a dangerous, shadowy dance in a city rocked this year by a coup attempt, skyrocketing inflation, highly questionable fiscal policies, and the dismal state of the economy.Myanmar's rigid military regime tolerates the trade to a point.

But it rounds up money changers without warning, as in April when the kyat crashed to an all-time low of 1,004 to the dollar on news that former dictator Ne Win's son-in-law and grandsons had been arrested for plotting a coup.

But it recently dived again to 900 kyat, and as vital trade routes with neighbouring Thailand were shut tight due to a simmering border row, observers said there are fears it could drop further, raising prices of basic goods and hurting an already impoverished people.

A meal for two in a good restaurant in Myanmar will set you back by 3000 to 4000 Kyat, bottled water is 100 Kyat for a 1 liter bottle, a pomelo cost 200-300 Kyat, a teak wood carving we bought (good quality, about 1m x 30cm) was 25000 Kyat ($25).

A one day boat trip on lake Inle costs 8000 Kyat and you have your own boat for one full day.

After we take a taxi to Chinatown, where we change some money in a hotel (the rate we get is $1 = 1000 Kyat), then have dinner in a Chinese restaurant.

The local currency is the Kyat (pronounced 'chat'); recently there have been banknotes with the following face values: 1, 5, 10, 15(!), 20, 45(!), 50, 90(!), 100, 200, 500 and 1,000 Kyat.

The Kyat’sofficial value is about 6 Kyat per US$ but on the fl (or better 'grey') market your greenback fetches more than 100 times as much, depending on the rate.

However, caution is the mother of wit as there are a number of banknotes with rather funny denominations (15, 45 and 90 Kyat) as well as quite a few invalid ones as for example 35, 75 and old 100 Kyat.

Some schools in Mudone and Thanbyuzayat townships have picked 2500 Kyat for primary school and 298 Kyat for middle school and 3600 Kyat to 41000 Kyat for high school, he said.

In Pa An township, Karen State, the entering fee for the school is more than Mon State.“Middle school fee is 5250 Kyat, said a woman, but not exactly because the students have to go school today for school entrance fee.

In the border town Three Pagodas Pass Opposite to Kanchanaburi, the primary school fee is 180 Baht, thee middle school fee is 250 Baht and high school fee is 300 Baht.

www.rehmonnya.org /allwcrp_detail.php?id=29 (269 words)

EarthRights International - We are not Free to Work for Ourselves: Economic hardship quotes(Site not responding. Last check: 2007-10-03)

The government paid 300 Kyat for one lang; if they had sold the rice to others, they would have gotten 3,000 Kyat for one lang.

When they come back to the village and pass to the gate, the military say that the firewood is illegal and charge them a fee.

If they don’t have 30 Kyat in their pocket they don’t dare to go out because they often need to pay at the gate.

They asked for one truck 500 kyat, one motorcycle 200 kyat, one house drawn cost 200 kyat and one pickup truck 200 Kyat etc. Local people do not understand why the military officers are asking for bridge crossing fees.

More over the local authorities are demanding other taxes in the area, such as 250 kyat for one truck, 100 kyat for one pickup and 100 kyat for a motorcycle.

The interest rate of that on loan money is 5 kyat for 100 kyat per year.